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2011/08/02

Gold Alert: This Major Asian Country Now a Buyer

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From the desk of

Ian Wyatt

Editor, Daily Profit

Tuesday
August 2, 2011

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Gold Alert: This Major Asian
Country Now a Buyer


Gold topped $1,640 today following news that South Korea bought over 25 tons of the yellow metal this year alone.

South Korea joins other emerging nations, most notably China and India, in its quest to increase gold as a greater percentage of reserve holdings while minimizing exposure to the U.S. dollar. And while China is the world's largest producer of gold (it nudged long time leader South Africa two years ago), none of that gold leaves China and indeed, China is a net importer of gold.

Holding physical gold isn't a realistic option for many investors, so for people interested in a way to profit from gold's meteoric rise, research analyst Tyler Laundon from Wyatt Investment Research recommends buying a unique American gold company paying a steady and consistent dividend.

Right now this company pays an 8.2% annual yield - all while selling for just 8 times earnings. Most gold companies don't pay a dividend at all, but this company has made it a primary goal to return profits directly to shareholders.

There might not be a surer, safer way to profit from the rise in gold than to buy this company today.

If you're interested, read Tyler's full write up by clicking here now.

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